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ALPHA / TetherUS

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ALPHAUSDT trade ideas

ALPHAUSDT wants the breakout! 🦐The price bounced on the previous resistance as new support after a very nice breakout from the big triangle. IF the price will have the breakout from daily resistance, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8
ALPHA - Consolidation (As you asked)What you're seeing here is a consolidation after breakout. The price broke out but now it's building up a volume of Supply & Demand to confirm the breakout. The more volume on supply, the more correction to lower prices. But right now the Demand volume is higher so I'm predicting a retest at the resistance area soon. Watch the prices for now and don't open any positions, but if you're looking into opening long positions, then wait until a 4H candle closure above the resistance area. Target and Support areas are shown on chart. ⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR